# Taxation of Chargeable Gains Act 1992, Section 63A: Death: application of law in Northern Ireland


(1) The provisions of this Act, so far as relating to the consequences of the death of a person to whom property in Northern Ireland stands limited for life (“the deceased”), shall have effect subject to the provisions of this section.
(2) A person who acquires property in fee simple absolute or fee tail in possession as a consequence of the deceased's death shall be deemed to have acquired all the assets forming part of the property at the date of the deceased's death for a consideration equal to their market value at that date.

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Source: https://www.legislation.gov.uk/ukpga/1992/12/section/63A (the official version)
Page: https://openlegislation.uk/taxation-of-chargeable-gains-act-1992/section-63A
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.